Power Of Attorney

Power of attorney means the authorization by one person, the principal, for another person (the agent, or attorney-in-fact) to act in their place. Limited powers of attorney are used to give someone with specific expertise the ability to act with regard to particular matters. A general power of attorney, on the other hand, gives... more »

A power of attorney is a document that confers on someone (the agent) the right to act on another's (the grantor's) behalf. This person need not be an attorney, and the law recognizes him as an attorney-in-fact, as opposed to an attorney-at-law, who is authorized by the Bar Association to practice law. A power of attorney can be very... more »

It's not necessary to file a power of attorney for it to technically go into effect. Nevertheless, some institutions such as banks, insurance companies, Realtors or stock brokers will require a copy of the document before they grant your attorney access to your accounts or property. The same general rules apply for revoking a power of... more »

A power of attorney, including a durable power of attorney, is a document that grants authority to another individual to act on behalf of the person who executes the instrument. The person creating the durable power of attorney is known as the grantor. The person who is being given authority to act is known as the attorney in fact in... more »

Limited power of attorney allows you to authorize someone to act on your behalf under specified circumstances. In many cases, it is used as a convenience. For example, you might grant limited power of attorney to a stockbroker so that you don' have to approve every individual trade. Limited power of attorney enables you to delegate... more »